Answer:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
Step-by-step explanation:
Answer:4x
Step-by-step explanation:
If you are asking how long the string is or the hypotenuse it would be about 75.89466
Kidjov the answer I came up with for you is 792 I hope this helps
Answer:
Y = 12
Step-by-step explanation:
x + 1/3y = 4
Multiply both sides of the equation by 3.
3 ⋅ 1
3 ⋅ y = 3 ⋅ 4
Simplify both sides of the equation:
1. Simplify both sides of the equation.
2. Multiply 3 by 4
How to simplify:
Cancel the common factor of 3
Rewrite the expression.
Multiply by 1
y = 3 ⋅ 4
Multiply 3 by 4
(12)
